The FTSE 100 index is up in early trading by 14.8 points, or 0.25%, to 5,975.6, despite online gambling firms tumbling on the back of US Congress legislation banning the activity online.
The new US laws make it illegal for credit card companies to collect and process payments for bets placed with online gaming companies. Partygaming is currently the biggest drag on the index with a drop of a whopping 54% to 48.75p following the US clampdown on the sector, while smaller rival Sportingbet fell 58% to 77.25p, and 888 plummeted 35% to 95p. However, Scottish Power has posted the biggest gains so far with a rise of 2.76% to 669.5p, closely followed by Kelda Group which is up 2.29% to 870p, while water company Severn Trent is up 2.17% to £13.65. This is on the back of a £2.2bn...
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